Cyrela Brazil Realty (OTCMKTS:CYRBY) Shares Gap Down – Here’s Why

Cyrela Brazil Realty SA (OTCMKTS:CYRBY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $5.4920, but opened at $5.2350. Cyrela Brazil Realty shares last traded at $5.22, with a volume of 105 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Cyrela Brazil Realty to a “hold” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Cyrela Brazil Realty Stock Up 1.9%

The company has a current ratio of 9.04, a quick ratio of 9.04 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.99 billion, a PE ratio of 5.51 and a beta of 0.60. The stock’s fifty day simple moving average is $4.62 and its 200-day simple moving average is $4.76.

Cyrela Brazil Realty Company Profile

Cyrela Brazil Realty SA Empreendimentos e Participações is a Brazilian real estate development and construction company headquartered in São Paulo. Founded in 1962, the company develops, builds and sells residential properties in Brazil, with projects spanning multiple segments of the housing market.

The company operates through brands that serve different customer groups, including Cyrela for higher-end residential developments, Living for the middle-income market and Vivaz for more affordable housing.